Paris, France: TotalEnergies, a global energy company, has announced that it has acquired a 20% stake in Ductor, a Finland-based start-up that has developed an innovative technology to process high-nitrogen organic waste, such as poultry manure, for biomethane production.
The technology allows the treatment of new types of input that are usually difficult to use for biogas production, thus helping to accelerate the development of the biogas value chain and contributing to the energy transition. It also produces sustainable biofertilizers that can replace chemical fertilizers and improve soil quality.
TotalEnergies has also formed a partnership with Ductor to develop and invest in several biomethane production projects, primarily in the United States and Europe. The partners have a pipeline of fifteen to twenty projects, some of which are at an advanced stage. The first project will be located in Ohio, United States.
Under the terms of the joint venture, TotalEnergies will market the biomethane production, and Ductor the biofertilizer production. The partnership will enable TotalEnergies to seize new market opportunities and support its ambition of producing 20 TWh of biogas worldwide by 2030.
Olivier Guerrini, Vice President, Biogas at TotalEnergies, said: “We are pleased to partner with Ductor, a start-up with an innovative pre-treatment technology that will enable us to develop new biomethane production projects, using organic waste that is currently not, or only slightly, reused. By accelerating the biogas chain, this technology contributes directly to the energy transition and to TotalEnergies’ ambition of producing 20 TWh of biogas worldwide by 2030.”
Bernard Fenner, Chief Executive Officer of Ductor, said: “The partnership with TotalEnergies will allow us to move forward faster and rapidly develop our project portfolio. In today’s world, local energy production, food security and global warming are essential concerns for everyone. Ductor’s solution for repurposing high-grade organic residues into renewable energy and sustainable fertilizer is part of the answer. The markets for organic fertilizer and biogas are expected to grow strongly in the years to come.”
TotalEnergies launches its largest battery farm in Europe at its Antwerp refinery
TotalEnergies agrees to sell its Canadian assets to Suncor Energy for approximately $4.1 billion
Leave a Reply